FBI Finds Stanford in Virginia

By John Johnson,  Newser Staff
Posted Feb 19, 2009 4:11 PM CST
In this June 11, 200,8 file photo, Sir R. Allen Stanford waves at Lords Cricket Ground in London.   (AP Photo/Lefteris Pitarakis, File)
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(Newser) – Manhunt over: FBI agents located fugitive financier Sir R. Allen Stanford near Fredericksburg, Va., today and served him with civil legal papers on behalf of the SEC. Stanford, accused of bilking investors of $8 billion, is not under arrest and remains free. He did, however, turn over his passport to authorities and promised not to flee, ABC News reports. One of Stanford's lobbyists described him as "very depressed."